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Inflation at its highest in 40 years…

Discussion in 'BBS Hangout: Debate & Discussion' started by LosPollosHermanos, Dec 10, 2021.

  1. Kemahkeith

    Kemahkeith Member
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    Just jumping in,
    With very little mention of any reason unleaded gas has gone from 3.37 a gallon maybe 2 months ago to 3.04 here in NY state.
    Has anyone else noticed a pretty substantial decrease down in Texas or other parts of the country??
     
  2. Space Ghost

    Space Ghost Member

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    Election is 6 weeks away. Economy is cooling off. We are coming off the summer travel.
     
  3. Xopher

    Xopher Member

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    Also they are now producing winter gas which is cheaper
     
  4. Amiga

    Amiga Member

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    $2.50ish around Houston. This time last year was ~$3.50ish
     
  5. adoo

    adoo Member

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  6. adoo

    adoo Member

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    at a news conference today, Fed Chair Powell hinted there will be more cuts

     
  7. adoo

    adoo Member

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  8. cheke64

    cheke64 Member

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  9. droxford

    droxford Member

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    Friggin' $20 or more for a non-chain pizza?!?!?
     
  10. Kemahkeith

    Kemahkeith Member
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    Here in Albany NY, there are so many independent pizza places that prices remain pretty minimal due to competition.
    I also pick my pizza up on the way home from work to avoid the 1,000-dollar delivery fees by the Hub of the Grub.
     
    Nook likes this.
  11. adoo

    adoo Member

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    Dockworkers’ union to suspend strike until Jan. 15 to allow time to negotiate new contract

    despite these recent developments pointing to a soft landing.
    • after ~~ 2 yrs of rate hikes and pauces, Fed cut the discount rate by 1/2 point
      • and hinted that there would be more cut in the horizon
    • dock strike averted,
    on the heels of a strong September job report/a surprising drop in unemployment/higher wages,


    [​IMG] [​IMG]
    as a result, Treasury yields have been surging, post the Sep blow-out job report.


    looking forward to Fed's next cut, giving these bond traders the finger; Fed's next FOMC meeting will be on Nov 6-7, 2024.
     
    #2091 adoo, Oct 12, 2024
    Last edited: Oct 12, 2024
  12. Amiga

    Amiga Member

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    My TX home insurance renewal for November went up almost 50% this year compared to last year. Home prices didn’t move, and core inflation is pretty much back to normal, but we did have one hurricane that directly hit Houston and two very scary hurricanes causing major devastation.

    This isn’t sustainable.
     
  13. Commodore

    Commodore Member

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  14. HP3

    HP3 Member

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    Lmao Americans are morons. Did they tell you that inflation was DOING THIS TO EVERYONE EVERYWHERE ELSE IN THE WORLD. My god, conservatives in literally almost every single group, ruin things for everyone.

    Bottom of the barrel trash
     
  15. dmoneybangbang

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    Can’t wait to see Conservatives get prices down by expanding the trade war via tariffs.

    We import several hundreds of billions of food.
     
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  16. adoo

    adoo Member

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  17. juicystream

    juicystream Member

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    Really ignores the causes of inflation in those sectors. Eggs have been devastated by multiple bird flu outbreaks. OJ is similarly under pressure to Citrus Tree disease.
     
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  18. Invisible Fan

    Invisible Fan Member

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  19. Xerobull

    Xerobull ...and I'm all out of bubblegum
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    Can we get off the egg price bullshit, please?

    There. Is. A. Bird. Plague.

    Less birds = less eggs.

    130m dead in 3 years.
     

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